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New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Share Price Passes Below 50 Day Moving Average - Here's What Happened

New England Realty Associates Limited Partnership logo with Real Estate background

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $74.74 and traded as low as $73.25. New England Realty Associates Limited Partnership shares last traded at $73.50, with a volume of 376 shares.

New England Realty Associates Limited Partnership Trading Up 0.5%

The firm has a fifty day moving average of $74.67 and a 200 day moving average of $78.83.

New England Realty Associates Limited Partnership Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in New England Realty Associates Limited Partnership during the 4th quarter worth approximately $239,000. Commonwealth Equity Services LLC increased its stake in New England Realty Associates Limited Partnership by 14.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,790 shares of the company's stock valued at $382,000 after purchasing an additional 610 shares during the last quarter. Finally, Warberg Asset Management LLC increased its stake in New England Realty Associates Limited Partnership by 14.9% in the fourth quarter. Warberg Asset Management LLC now owns 11,379 shares of the company's stock valued at $930,000 after purchasing an additional 1,479 shares during the last quarter.

About New England Realty Associates Limited Partnership

(Get Free Report)

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire.

Further Reading

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